ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Ethereum Price Forecast: Ether's Bearish Turn





Ether shifted south and broke important supports against the US dollar and bitcoin. ETH/USD is now in a bearish zone with resistances at $450.00 and $460.00.

Key Highlights

Ether declined sharply and broke a crucial support at $450.00 against the US dollar.
ETH/USD declined below two important bullish trendlines near $475.00 and $460.00 on the 6-hour chart.
ETH/BTC also fell sharply and broke a key support at 0.0700BTC.

Technically, the 2-hour chart indicators turned sharply lower into the bearish territory.

Ether Price Analysis

Yesterday, we discussed a downward correction in ETH/USD toward the $475.00 and $473.00 support levels. However, the pair failed to hold these supports, resulting in a sharp bearish move below a key support at $450.00.

Similarly, there was an increase in bearish pressure on ETH/BTC. The pair declined and broke a crucial support at 0.0700BTC. It is currently trading near 0.0680BTC and the next support sits at 0.0650BTC.

Ether Price Analysis Chart ETH

Starting with the 2-hour chart of ETH/USD, the pair topped near the $495.00 resistance area (as discussed in the monthly outlook). It started a major downward move and declined below a key bullish trendline with support at $480.00.

The pair opened the doors for more losses and the price fell sharply below the $475.00 and $473.00 support levels. The most important bearish break was below the $450.00 support. All these are negative signs, suggesting that Ether has moved into a short-term bearish trend.

A low was formed at $428.63 and the price is currently correcting higher. An initial resistance is the 23.6 percent Fibonacci retracement level of the decline from the $495.49 high to $428.63 low at $443.00. Above this, the next major resistance awaits at $450.00 (the previous support).

Ethereum Price Analysis ETH

Moving up to the 6-hour chart of ETH/USD, there are six back-to-back bearish candles, implying an increase in selling pressure. The pair also cleared two important bullish trendlines near $475.00 and $460.00.

The next major support is at $420.00, below which, there is a risk that Ether’s price could retest the $405.00 swing low. Resistances are sitting at $443.00, $450.00, and $460.00.

Important Resistance Levels

$450.00 and $460.00

Important Support Levels

$428.00 and $420.00

2-hour RSI

The RSI has reached the oversold levels, signaling a possible upward correction.

2-hour MACD

The MACD is showing many bearish signs.

Aayush Jindal

Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis. He strives to provide entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession and loves blogging.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ether Price, Ether Price Chart and Ethereum Analysis News.

The content on is provided for informational purposes only and it is not intended to be, and does not, constitute financial advice or any other advice. You should not rely on any content to make an investment decision. is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.